Topic: Possible big Crash coming within 10 days - page 4. (Read 7453 times)
It seems that Bitcoin is recovering from the last drop, but altcoins are not doing very well, and I think this wasn't even the real test.
since the price raising rapidly indeed i fear this situations will happened and apparently OP predictions was correct that first crash already happening today but if we see another decreasing price for next 10 days i'm pretty sure most of the traders will experience huge loss
Probably we had faced a strong correction, hopefully from this point bitcoin may continue its rarlly again. Honestly I could not find the any valid reasons for this correction. Traders and investors are just getting panic to dump their bitcoins which leads to more than $1000 correctionWell, your reasoning has baffled me somewhat
So the very fact that the price has been rising like it was the last day of Pompeii is not a valid and plausible reason in and of itself, according to you? As I see it, gaining a thousand dollars within a period of a few days is not something which usually ends up with consolidation. It had been only a matter of time and price until everyone reached out and hit the Sell button. Anyway, 2,000 dollars is still a pretty nice price, and if Bitcoin successfully consolidates at that level, then more power to it
That's a big lie, it's actually picking up again and might stabilize at some point soon, these are all attacks on newbies and the faint hearted to panic and sell but all those behind the doom predictions will be proven wrong again by Bitcoin in no time.
I think the dump was so big because of all the new noobs that panic faster than anyone else.
It is normal for a newbie in bitcoin trading to panic sell. Emotion often engulf them, ignoring the fact that what happen is just price fluctuation or someone with big stash cashing out and the price will recover eventually. I do not believe this is some kind of correction. There is a big whale dumping his stash and sheeps follows. Then this big whale is catching cheaper bitcoin from this sheeps. This is just another set of accumulation before the next push of bitcoin price. Remember smart contract is coming to bitcoin, then the consensus on scaling issue next. And I forgot to say Australia will be accepting bitcoin as money on July. This is all good news.
I think the dump was so big because of all the new noobs that panic faster than anyone else.
since the price raising rapidly indeed i fear this situations will happened and apparently OP predictions was correct that first crash already happening today but if we see another decreasing price for next 10 days i'm pretty sure most of the traders will experience huge loss
Probably we had faced a strong correction, hopefully from this point bitcoin may continue its rarlly again. Honestly I could not find the any valid reasons for this correction. Traders and investors are just getting panic to dump their bitcoins which leads to more than $1000 correction.I still believe this correction is usual part of any rarlly and hopefully bitcoin will bounce back to new ATH at any time as people are finding this correction as another buying opportunities. I am still confident we are heading toward $10k price levels by end of this year.
I think and I am predicting that a BIG CRASH is coming within the next 10 days.
Why?
Because there is no investment or asset that can increases itw own prices the way Bitcoin is doing, less than a month ago the price was at 1,300 usd and now is at 2,500 usd this is crazy and it is not possible.
Actually this has happened back in 2013 when the price falt like a rocket been knocked down to the ground.
Actually if you ask any profesional investor in the world what do they think, the will really tell you that it is too beautiful to be truth, and that you should stay away frrom anything that shines like gold, without been gold, because it is 100% that is a ponzi scheme.
So becareful and sell as soon as possible, before the boat sinks.
I hope also will not happen because I also like it, and I am amaze with what have happened, but lets be realistic, is impossible this utopic situation.
Why?
Because there is no investment or asset that can increases itw own prices the way Bitcoin is doing, less than a month ago the price was at 1,300 usd and now is at 2,500 usd this is crazy and it is not possible.
Actually this has happened back in 2013 when the price falt like a rocket been knocked down to the ground.
Actually if you ask any profesional investor in the world what do they think, the will really tell you that it is too beautiful to be truth, and that you should stay away frrom anything that shines like gold, without been gold, because it is 100% that is a ponzi scheme.
So becareful and sell as soon as possible, before the boat sinks.
I hope also will not happen because I also like it, and I am amaze with what have happened, but lets be realistic, is impossible this utopic situation.
Seems that I was right, lets wait a few more days and I will give a next coment on what I think and I will predict will happend with BTC.
Tomorrow monday will be an important date that determine the price on BTC on the short term.
There is no asset in there world like bitcoin. I am not sure whether normal laws of investing or market evaluation can be 100% used to assess bitcoin position.
I am tired of people who call bitcoin Ponzi scheme, they can't really understand what bitcoin or Ponzi scheme really is.
Newbies or haters don't know what are the evaluation criteria for investment to be called a Ponzi
I am tired of people who call bitcoin Ponzi scheme, they can't really understand what bitcoin or Ponzi scheme really is.
Newbies or haters don't know what are the evaluation criteria for investment to be called a Ponzi
And what are the "evaluation criteria" according to which Bitcoin is not a pyramidal scheme?
You have 10 days within which you should provide a simple and coherent explanation why Bitcoin is not such a scheme. But please don't say that fiat is also a sort of Ponzi or that trash since we are talking about Bitcoin and Bitcoin only. If we exclude using Bitcoin as a means of payment (which is negligible, anyway), Bitcoin is essentially a "tulipomania" with the difference being that tulips had been material and could actually be used for something other than speculation
Seems like OP was right indeed prices are dropping really quick now I wonder when the train will stop
That is true and just within 2 days of this post, we can see the crash started to show up. However, this crash is well expected for the investors, because whenever a huge price hike happens, a crash follow suit soon. That's the part of the game.
However, even if it crashes, the price won't go below 1500 USD this time. The amount of investment bitcoin has received during last few days, it will keep the bitcoin price higher than the last bottom price 1300 USD. Let's hope for the best.
However, even if it crashes, the price won't go below 1500 USD this time. The amount of investment bitcoin has received during last few days, it will keep the bitcoin price higher than the last bottom price 1300 USD. Let's hope for the best.
I think and I am predicting that a BIG CRASH is coming within the next 10 days.
Big crash or a correction? Because the latter is happening.Why?
Because there is no investment or asset that can increases itw own prices the way Bitcoin is doing, less than a month ago the price was at 1,300 usd and now is at 2,500 usd this is crazy and it is not possible.
Actually this has happened back in 2013 when the price falt like a rocket been knocked down to the ground.
I am tired of people who call bitcoin Ponzi scheme, they can't really understand what bitcoin or Ponzi scheme really is.
Newbies or haters don't know what are the evaluation criteria for investment to be called a Ponzi.
since the price raising rapidly indeed i fear this situations will happened and apparently OP predictions was correct that first crash already happening today but if we see another decreasing price for next 10 days i'm pretty sure most of the traders will experience huge loss
Isn't the 750$ price correction not enough to be considered a crash? Right now a correction with that price range which is 30% of its value from 2750 can be considered a crash. You are right about Bitcoin not having assets and investments but you are forgetting is that it is a currency and the main price driver of a currency is demand. Yes Fiat Currency has their country's economy to back them up but Cryptocurrency is different they can be manipulated by big players and mainly how strong the buy side or sell side would be.
It's too early to tell, really
Let's see how Bitcoin price will behave in the next few days (as per OP, we have some time). If the price rebounds to 2,500 dollars per coin (and that wouldn't be a "dead cat bounce"), then what we saw could only count as a correction, or a flash crash at most. If the price would continue to spiral down to lower 1000's (which is quite possible, 1,200 dollars is my guess), that would be a genuine crash, and we should refer to the OP as the "Oracle of Bitcoin"
Saving this topic so I can bump it in 10 days and laugh at OP's expense because we'll still be breaking ATH's every hour by them.
See you soon
See you soon
Guess who was wrong
Ten days are not over yet
Price fluctuations and the increased volatility is common with the cryptocurrency as well the bitcoin. So no matter whatever is happening around with the price, till the technology is widely spread and the price gets retained. Panic is a major problem that makes a collapse in the entire network. Based on this I hope it's good to hold rather than selling.
I absolutely agree, selling now is crazy. Many people were hoping bitcoin would fall a bit from that $2,800 to have the opportunity to buy it cheaper and now they have that opportunity. It's time to buy/hold, but definitely not to sell.
Yes, I agree that price was ridiculously increasing and a dump was soon to come. But I feel it have already happened. Bitcoin did reach $1900 and I would say that was the limit. Due to the less price there is an increase in buying activity. So, price is most likely to go up now. As for now bitcoin will keep on fluctuating between $1900-$2300.
Price fluctuations and the increased volatility is common with the cryptocurrency as well the bitcoin. So no matter whatever is happening around with the price, till the technology is widely spread and the price gets retained. Panic is a major problem that makes a collapse in the entire network. Based on this I hope it's good to hold rather than selling.
Yes this is the nature of crypto's not only bitcoin. Maybe the OP really see the crash is coming based on his technical analysis or just being lucky on his bold prediction. Nevertheless, it happened now and the best thing to do is hold or buy bitcoin again and keep it for long term.
Price fluctuations and the increased volatility is common with the cryptocurrency as well the bitcoin. So no matter whatever is happening around with the price, till the technology is widely spread and the price gets retained. Panic is a major problem that makes a collapse in the entire network. Based on this I hope it's good to hold rather than selling.
Exactly but I don't know why people lookout for a small dip in bitcoin prices to spew out lies? It's normal with Bitcoin if you've been into it for at least a year or more. Prices go up and down with the way it is decentralized and solely depends on the demand and supply on the market and anybody with this prior knowledge wouldn't fret over this sudden dip.
Price fluctuations and the increased volatility is common with the cryptocurrency as well the bitcoin. So no matter whatever is happening around with the price, till the technology is widely spread and the price gets retained. Panic is a major problem that makes a collapse in the entire network. Based on this I hope it's good to hold rather than selling.
Saving this topic so I can bump it in 10 days and laugh at OP's expense because we'll still be breaking ATH's every hour by them.
See you soon
See you soon
Guess who was wrong
The author of this thread also posted this in May in another one of his/her threads:
I think that if 1 BTC in 10 years would cost about 500,000 USD then with 20BTC you can get 10,000,000 that is been rich and wealthy because you willhave also free time. So in my opinion 20 BTC will make you rich in 10 Years.
Very interesting posts if you're interested in profiling. Also interesting from the point of view of how the ordinary person might deal with crypto.
Just dumb luck on his/her part, but the average Joe is often graced with dumb luck. Maybe we should focus more on BTC at $500,000!
Jump to: